As of November 28, 2016, current and extra-provincially registered societies must “transition” to the new Societies Act. Don’t panic! There’s lots of time: transition does not need to be completed until November 28, 2018. This article provides the basics of who needs to transition, what they should be doing now, and what needs to be done on transition.
Month: April 2016
Can a society’s provisions still be “unalterable”?
As of November 28, 2016, a constitution may only contain a society’s purposes, and no provision in a society’s bylaws can be “unalterable.” While this is good news for many societies which have to adapt their bylaws or purposes to accept specific gifts or govern themselves as time goes on, some are concerned that they will be vulnerable to straying from their key values or obligations. Others have external funding agreements which are dependent on such provisions. However, there are ways to protect a society’s key values, purposes, and funding agreements so they are…
Regulations: Societies Regulations released
The Regulations under the new BC Societies Act (“the Act”) are now available. The Societies Regulation details certain requirements for society names, the default Model Bylaws, various fees, the Reporting Society Provisions, and directions on how to report on remuneration of directors, employees and contractors. It also contains provisions on Directors and Senior Managers who are 16 and 17 years old. The Model Bylaws will be dealt with in another post.